Announced Tue, 30 Jun · 05:56 IST
GPL acquires 47-acre land in Chennai; revenue potential Rs 500 cr
Compliance View source PDF
GODREJPROP · price
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Price reaction · full curve 14 horizons · vs prior close
+7.1%1-day move
₹1827.50
prior close
₹1845.00
base price
After-mkt
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AI summary
Godrej Properties acquired about 47 acres in South Chennai off Old Mahabalipuram road through an outright purchase. The plot will be developed mainly into plotted residential units with around 1.2 million sq ft of developable area and estimated revenue potential of about Rs 500 crore. The site sits in the Siruseri-Kelambakkam corridor near key IT and employment hubs.
Likely market impact
Adds new plotted project in a fast-growing Chennai micro market; modest Rs 500 cr revenue potential relative to GPL's overall scale.